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TRAFALGAR POWER INC. v. AETNA LIFE INS. CO.

Bankruptcy Nos. 5:99-CV-1238, 5:00-CV-1246. Adversary No. 02-80005.

396 B.R. 584 (2008)

TRAFALGAR POWER INC. and Christine Falls Corporation, Plaintiffs, v. AETNA LIFE INSURANCE COMPANY; Algonquin Power Corporation, Inc.; Algonquin Power Income Fund; and Algonquin Power Fund (Canada) Inc.; Defendants. Algonquin Power Corporation, Inc.; Algonquin Power Income Fund; and Franklin Industrial Complex, Inc.; Plaintiffs, v. Trafalgar Power, Inc.; Christine Falls Corporation; and Pine Run of Virginia, Inc.; Defendants. In re Marina Development, Inc.; Franklin Industrial Complex, Inc.; Christine Falls of New York, Inc.; Trafalgar Power, Inc.; Pine Run of Virginia, Inc.; Debtors. Marina Development, Inc.; Trafalgar Power, Inc.; Christine Falls of New York, Inc.; Franklin Industrial Complex, Inc.; and Pine Run of Virginia, Inc.; Plaintiffs, v. Algonquin Power Corporation, Inc.; Algonquin Power Systems, Inc.; Algonquin Power Fund (Canada), Inc.; Algonquin Power Income Fund; Algonquin Power Systems New Hampshire, Inc.; Algonquin Power (U.S.) Holdings, Inc.; Aetna Life Insurance Company; CIT Credit Group, Inc., FKA Newcourt Credit Group, Inc.; Canadian Income Partners I Limited Partnership; Defendants.

United States District Court, N.D. New York.

November 6, 2008.

Attorney(s) appearing for the Case

Paul J. Yesawich, III, Esq., Harris Beach PLLC, Pittsford, NY, for Trafalgar Power Parties.

Edward J. Normand, Esq., Jason Cyrulnik, Esq., Bois, Schiller & Flexner LLP, Armonk, NY, for Marina Development, Inc.

Mitchell J. Katz, Esq., Menter Rudin & Trivelpiece, Syracuse, NY, Alan B. Rubenstein, Esq., Rackemann Sawyer & Brewster, Boston, MA, for Algonquin Power Parties.

MEMORANDUM-DECISION and ORDER

DAVID N. HURD, District Judge.

I. INTRODUCTION

After various proceedings and motion practice since this action was initiated in 1999, the following claims remain for adjudication: (1) Adversary Proceeding Cause of Action 12—Conversion; (2) Adversary Proceeding Cause of Action 14—Breach of Fiduciary Duty; (3) Adversary Proceeding Cause of Action 15—Negligent Management...

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